2 hrs ago
Wipro-Kawasaki Plans ₹1,000 Crore Hydraulic Pump Plant in Karnataka
Wipro-Kawasaki wants to build a new factory in Karnataka.
The factory will make hydraulic pumps used in large construction machines.
The company plans to invest ₹1,000 crore in the project.
It has asked for about 30 acres of land at Harohalli Industrial Area.
The new factory could create about 1,200 jobs.
It may make more than 2 lakh pumps each year.
The company currently makes about 80,000 pumps annually at a rented facility in Kumbalgodu.
The government plans to help with the land and approval process.
The plant is expected to start operating within a year.
Wipro-Kawasaki Precision Machinery plans to invest ₹1,000 crore in a new hydraulic pump plant.
The facility is proposed for about 30 acres in Phase V of Harohalli Industrial Area.
The plant is expected to generate around 1,200 jobs and become operational within a year.
Annual production capacity is expected to exceed 2 lakh hydraulic pumps, up from 80,000 currently.
Karnataka’s government will facilitate land allotment, with final approval pending at the next meeting.
- Who
- Wipro-Kawasaki Precision Machinery, in partnership with Wipro and the Kawasaki group, and the Karnataka government.
- What
- A proposed ₹1,000 crore hydraulic pump manufacturing facility and expansion of existing operations.
- Where
- Phase V of the Harohalli Industrial Area in Karnataka, with the existing facility located at Kumbalgodu.
- When
- The plant is expected to become operational within a year; the announcement did not specify a calendar date.
- Why
- To expand hydraulic pump manufacturing capacity and create around 1,200 jobs.
Key facts
- Planned investment
- ₹1,000 crore
- Proposed location
- Phase V, Harohalli Industrial Area
- Land requested
- Around 30 acres
- Expected employment
- Approximately 1,200 jobs
- Planned annual capacity
- More than 2 lakh hydraulic pumps
- Current annual production
- Around 80,000 hydraulic pumps
- Approval status
- The project is to be placed before the next meeting for final approval
Quotes
M B Patil
Karnataka Industries Minister
“The Wipro-Kawasaki project is an attractive investment proposal. We have asked the company to begin the necessary preparations immediately. The project will be placed before the next meeting for final approval.”
thehansindia.com
Sources
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